NACo’s deferred compensation program, administered by Nationwide Retirement Solutions, placed first among its competitors for its return on the fixed annuity option offered to county employees. The study, conducted by the firm of Buck Consultants, reviewed the fixed annuity option offered by NRS and its eight largest competitors. The NACo program is the largest deferred compensation program in the country for county employees. The report was released at the fall/winter meeting of NACo’s deferred compensation advisory committee, held earlier this month in Dublin, Ohio.
This study has been performed every year since 1989, and the NACo program has always come out on top. The competitiveness study is only one feature of NACo’s deferred compensation program — the largest in the country for county employees — that distinguishes it from others. The program is also the only one in the country that is overseen by an advisory committee that includes program participants.
In addition, a committee composed of NACo and NRS representatives meets annually to review program progress and issues in order to be responsive to the program’s more than 380,000 county participants.
While the NACo deferred compensation program ranks first among its competitors, Nationwide Financial, the NRS parent company, has earned the distinction of joining the 2002 Forbes Platinum 400 list.
“I am pleased to share with you that Nationwide Financial was recently placed on The Forbes Platinum 400 list in its first year of eligibility for the recognition. The Forbes Platinum 400 list ranks the ‘Best Big Companies in America’ by reviewing the profitability, five-year growth rates, and projected earnings of publicly traded corporations with revenues of at least $1 billion,” said Jerry Jurgenson, president of Nationwide Financial.
For the past three years, Nationwide Financial has been ranked on the Forbes Global 500 List. The Forbes Global 500 List includes corporate America’s most powerful companies, and rankings are a composite score based on four measures: sales, profits, market value and assets.
(Financial Service News was written by Lisa Cole, director, NACo Enterprise Services. For more information call NACo FSC at (202) 942-4270)
